200 Old Phelps Lane, Morehead, KY 40351
Local realty services provided by:ERA Select Real Estate
200 Old Phelps Lane,Morehead, KY 40351
$989,000
- 6.5 Acres
- Lots / Land
- Active
Listed by: tamara hurst
Office: simplihom
MLS#:25501216
Source:KY_LBAR
Price summary
- Price:$989,000
About this home
This 6.5-acre commercial property off I-64 at exit 133 is competitively priced, partially cleared, and ready for excavation. With over 400 feet of road frontage, it ensures excellent visibility. Situated in one of Kentucky's fastest-growing areas, the site links the interstate to Cave Run Lake and Daniel Boone National Forest. Nearby amenities include AppHarvest Greenhouse, Rowan County Airport, National Guard Readiness Center, and Maysville Community College. Recent investments, such as Eastern Light Distilling's 140 million project, showcase the area's growth, alongside upcoming developments like Liberty Mart and Hog's Trough Barbecue Restaurant. 6.5-acre commercial property, conveniently located just off I-64 at exit 133. Priced competitively, this parcel is partially cleared and ready for excavation, making it an ideal investment for savvy developers and business owners. Strategic Location: Directly accessible from I64, ensuring high traffic exposure and easy access for customers and clients. Flexible Zoning: The property benefits from flexible zoning, allowing for a wide range of commercial uses, from retail and office space to service-oriented businesses. 400 Feet of Road Frontage: Significant road frontage enhances visibility, making it an attractive option for businesses seeking to maximize exposure to passing traffic. Potential for Subdivision: The owners may be willing to subdivide the property, providing flexibility for smaller developments or partnerships. Partially Cleared: The site is already partially cleared, reducing preparation time and costs for potential buyers. With flexible zoning, this property is primed for a variety of commercial endeavors—whether you envision a healthcare facility, an office complex, multifamily housing, or another innovative project, the possibilities are endless.
Contact an agent
Home facts
- Listing ID #:25501216
- Added:58 day(s) ago
- Updated:November 10, 2025 at 04:47 PM
Structure and exterior
- Lot area:6.5 Acres
Finances and disclosures
- Price:$989,000
New listings near 200 Old Phelps Lane
- New
$215,000Active3 beds 2 baths2,208 sq. ft.1357 Knapp Avenue, Morehead, KY 40351
MLS# 25505577Listed by: PARAGON REALTY PARTNERS - New
$624,900Active3 beds 3 baths2,560 sq. ft.11039 Brown Ridge Road, Morehead, KY 40351
MLS# 25505673Listed by: CENTURY 21 ADVANTAGE REALTY - New
$32,000Active3.25 Acres0000 Wild Ridge Road, Morehead, KY 40351
MLS# 25505510Listed by: UNITED REAL ESTATE BLUEGRASS 
$25,000Pending1.02 AcresTBD Wildflower Lane, Morehead, KY 40351
MLS# 25505420Listed by: CENTURY 21 ADVANTAGE REALTY- New
$220,000Active3 beds 2 baths1,152 sq. ft.47 Dawn Road, Morehead, KY 40351
MLS# 25505218Listed by: UNITED REAL ESTATE BLUEGRASS - New
$299,000Active4 beds 2 baths1,536 sq. ft.922 Green Street, Morehead, KY 40351
MLS# 25505195Listed by: REAL BROKER, LLC 
$500,000Active1 Acres2685 Ky Hwy 801 #1, Morehead, KY 40351
MLS# 25504653Listed by: SIMPLIHOM
$400,000Active1 Acres2701 Ky Hwy 801 #9, Morehead, KY 40351
MLS# 25504654Listed by: SIMPLIHOM
$345,000Active4 beds 3 baths2,600 sq. ft.220 Bays Avenue, Morehead, KY 40351
MLS# 25504459Listed by: RECTOR HAYDEN REALTORS
$69,500Active3.93 Acres9999 Indian Drive, Morehead, KY 40351
MLS# 25504480Listed by: C ROGER LEWIS AGENCY
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.